3 Supply Chain Trends to Watch Out For in 2023 - Bar Code India

 

The recent years have been tough for businesses across the world. India’s supply chains have also faced the brunt of disruptions due to COVID-19 and the recent geopolitical Russia-Ukraine crisis. Various aspects of a supply chain, such as sourcing, logistics, production, and distribution have been adversely impacted.

The pandemic has forced businesses to look for new strategies to adapt to the new reality and has brought about a wave of new tactics to combat the testing market scenario.

During a recent Commerce Ministry webinar, Indian Prime Minister Narendra Modi expressed concern regarding the impact of the disruptions to supply chains on the global economy.

According to a survey by Oracle, several Indians have been unable to purchase a number of items due to shortages (45 percent), forced to cancel orders due to delays (53 percent), and even rationing essential items out of fear of running out (41 percent). 

There is good news on the horizon, though. The latest GDP numbers for Q1 FY2022–23 suggest that economic growth is healthy. Consumers, after a long period of apprehension, have started to spend confidently, with spending going up 25.9% in Q1. Read more....

• Source Link:- https://www.barcodeindia.com/blog/3-supply-chain-trends-to-watch-out-for-in-2023/

3 Ways to Optimize E-commerce Supply Chain with Zebra Hardware - Bar Code India

 

E-commerce was born as a mere straightforward online channel for sales and purchases. However, customer expectations for E-commerce have significantly changed the E-commerce fulfilment and competitive landscape over the last few years.

The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of E-commerce transactions has made the supply chain more complex and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfilment journey.

Optimizing E-commerce Supply Chain Strategies

Here are a few simple tips for optimizing your E-commerce supply chain.

1. Real-Time Inventory Visibility

Real-Time visibility has never been more critical given the industry’s record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at. Read more.....

Source Link:- https://www.barcodeindia.com/blog/3-ways-to-optimize-e-commerce-supply-chain-with-zebra-hardware/

Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

 

3 Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

A supply chain control tower has the power to transform businesses by closing the gaps that stand in the way of a company’s success. It enables business owners to spot trends, prioritize actions, understand challenges, and resolve them to improve efficiency across the supply chain and align processes as per strategy.

What is a supply chain control tower?

A supply chain control tower is a customizable central console/hub that captures, stores and manages data, while also displaying key analytics and events from the entire supply chain in real-time.

Analytics from a supply chain control tower also uses this data to make predictions of what’s to come if you continue the same path or do things differently.

It also allows you to completely understand the minute details of your business and make sense of the raw data collected from several sources.

There are numerous applications of a supply chain control tower but for the sake of this article, we will focus on only three of the many challenges it can fix.

Source Link:- https://www.barcodeindia.com/blog/supply-chain-challenges-that-can-be-fixed-with-supply-chain-control-tower/